(A) There is recognized, established and designated the “Town of Haxtun Electric Utility Enterprise” (the “Enterprise”). The Board of Trustees finds and determines that it will provide electric services by means of the Enterprise in conformity with all applicable state laws.
(B) The Board of Trustees further:
(1) Recognizes and confirms that the Enterprise is an “enterprise” within the meaning of the TABOR; and
(2) Declares its intent that the Enterprise be operated and maintained so as to exclude its activities from the application of TABOR.
(C) The Board of Trustees shall take all actions on behalf of the Enterprise as hereinafter further provided.
(Ord. 2023-5, passed 11-6-2023)